Stories
Anthropic Inks $11.6 Billion Cloud Deal with Akamai, Secures 5% Stake Option
- •Anthropic commits to spending $11.6 billion on Akamai Technologies' cloud services over seven years.
- •The deal includes an option for Anthropic to acquire up to a 5% stake in Akamai.
- •The contract could expand by an additional $9 billion, potentially reaching a total of $20 billion.
- •Akamai's shares surged 16% in extended trading following the announcement.
- •Akamai plans to increase its 2026 capital expenditure by $1.7 billion to support the agreement, including securing components like memory.
Key Questions Answered
Anthropic has committed to spending $11.6 billion on cloud services from Akamai Technologies over seven years, with a contract that could expand by an additional $9 billion to bring the total potential commitment to about $20 billion.
Akamai issued Anthropic a warrant for a stake of up to 5% in Akamai, equivalent to roughly 7.7 million shares with an exercise price of $111.33 per share. About 2% of the stake is tied to the initial $11.6 billion commitment, while the remaining 3% vests if the agreement expands by up to another $9 billion.
The agreement is expected to require about $5.5 billion in total capital expenditure. To support the deal and pre-purchase necessary components like memory, Akamai plans to increase its 2026 capital spending by approximately $1.7 billion.
